1998-1,(19) an out-of-state business is subject to the SBT if it regularly and systematically conducts in-state business activity through its employees, agents, representatives, independent contractors, brokers or others acting on its behalf, whether or not these individuals or organizations reside in Michigan.

Littmann noted that in April, most components of the Michigan Business Activity Index were stable, but the financial sector experienced a four point loss, accounting for 80 percent of the index slippage.

469-2(f)(6) provides that an amount of the taxpayer's gross rental activity income, for the tax year from an item of property, is treated as not from a passive activity if the property is rented for use in a trade or business activity (within the meaning of Temp.

An MSB is any business that offers money orders, traveler's checks, stored value, check cashing or currency dealing; conducts more than $1,000 in money services business activity with the same person, in one type of activity, on the same day; or provides money transfer services in any amount.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.